Nuance Investments LLC Buys New Stake in Gentherm Incorporated (NASDAQ:THRM)

Nuance Investments LLC purchased a new stake in shares of Gentherm Incorporated (NASDAQ:THRM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 359,924 shares of the auto parts company's stock, valued at approximately $16,754,000. Nuance Investments LLC owned approximately 1.16% of Gentherm at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in shares of Gentherm by 43.5% during the third quarter. Advisors Asset Management Inc. now owns 11,297 shares of the auto parts company's stock worth $526,000 after purchasing an additional 3,427 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its stake in Gentherm by 22.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 632,673 shares of the auto parts company's stock worth $29,451,000 after acquiring an additional 116,500 shares in the last quarter. Gladius Capital Management LP acquired a new position in Gentherm during the 3rd quarter worth about $44,000. Natixis Advisors LLC increased its holdings in Gentherm by 12.2% during the 3rd quarter. Natixis Advisors LLC now owns 15,938 shares of the auto parts company's stock worth $742,000 after purchasing an additional 1,729 shares during the period. Finally, MeadowBrook Investment Advisors LLC raised its position in Gentherm by 8.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,360 shares of the auto parts company's stock valued at $156,000 after purchasing an additional 260 shares in the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Phillip Eyler sold 4,402 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the sale, the chief executive officer now owns 147,317 shares of the company's stock, valued at approximately $7,395,313.40. This trade represents a 2.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.91% of the stock is currently owned by company insiders.

Gentherm Trading Up 0.6 %

NASDAQ:THRM traded up $0.23 on Wednesday, hitting $41.66. 137,248 shares of the stock were exchanged, compared to its average volume of 186,466. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. Gentherm Incorporated has a fifty-two week low of $39.86 and a fifty-two week high of $62.93. The stock has a market cap of $1.29 billion, a PE ratio of 19.36 and a beta of 1.44. The stock has a fifty day moving average of $44.03 and a 200-day moving average of $48.27.

Gentherm (NASDAQ:THRM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. Gentherm had a return on equity of 14.36% and a net margin of 4.61%. The firm had revenue of $371.50 million during the quarter, compared to analyst estimates of $372.89 million. During the same quarter last year, the firm earned $0.64 EPS. Gentherm's quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities analysts expect that Gentherm Incorporated will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on THRM shares. Robert W. Baird dropped their price target on Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. upgraded Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 target price on the stock in a research note on Monday, October 21st. Craig Hallum lowered their target price on Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com upgraded Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Gentherm presently has an average rating of "Hold" and a consensus price target of $57.00.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.